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#: <div style="background-color: #E3FBE5;">'''Important information''': The logic described above is for data collected in real-time. The following logic is used for historical plots. '''Example''': Assume there are 3 historical trades, 9 historical bid quotes and 12 historical ask quotes. All of them have the same timestamp. To find out which historical asks and bids were used to generate the trades, they are all divided into 3 equal parts (because there are 3 trades). the first “batch” there are 3 asks, 1 trade and 4 bids. The most recent ask/bid matching the trade price is considered to be the price where the trade was made. If ask price is considered for the fill, then the trade’s volume goes to BUY volume. If bid is considered for the fill, then the trade’s volume goes to SELL volume.</div>
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===Understanding Volume Profile===
Volume Profile tracks trading activity volume across different price levels and varying time lengths. It is a tool an advanced chart attribute providing traders the opportunity to see the most traded volume areas, how much volume was traded on particular price levels lately recently or within a specified time period. It also and divides all total traded volume into BUY traded volume and SELL traded volume, so a trader can see whether there were more BUY trades or SELL trades on a particular level. There are multiple options to display those values and to customize volume profile colors.
===Using Volume Profile===
# Check the '''Show Volume Profile''' check box to turn Volume Profile on/off. The '''Show Volume Profile''' check box is unchecked by default.
# Select one of the available '''Profiles''':
#* '''Tick Count'''. If this profile is selected, volume provided by the data source is not taken into account. Each tick volume equals to 1. Each line demonstrates the number of ticks traded on a specific price level colored in blue (by default). The following components are available for this volume profile style:#** '''Volume Bar Color'''. Identical to '''Total Volume''', shows total ASK + BID '''ticks''' traded on each price level. Default color is blue, it can be changed to any other color. Default size is 100, it can be decreased. Default style is Volume Shading, it can be changed to Solid Blocks, HollowGram, or Invisible.
#** '''Up OC'''. Shows price movement within volume profile at its end as green bar if the openning price of the profile is lower than its closing price. Default color is dark green, it can be changed to any other color. Default size can be decreased or increased. Default style is Invisible, it can be changed to Volume Shading.
#** '''Down OC'''. Shows price movement within volume profile at its end as red bar if the openning price of the profile is higher than its closing price. Default color is red, it can be changed to any other color. Default size can be decreased or increased. Default style is Invisible, it can be changed to Volume Shading.
#** '''POC'''. Shows the price level with largest amount of traded volume. Default color is pale pink, it can be changed to any other color. Default size is 10, it can be decreased or increased up to 100. Default style is Invisible, it can be changed to Volume Shading, HollowGram or Invisible.
#** '''Value Area'''.It is the area (specified in %) of most traded volume of the profile (100%).<div style="background-color: #E5F6FF;">'''Example 1''': Assume there are 5 price levels in volume profile. Total volume of level 1 is 400; total volume of level 2 is 600; total volume of level 3 is 1000; total volume of level 4 is 500; total volume of level 5 is 300. The total volume of the whole volume profile is 2800. Default Value are is 70%; 70% of 2800 = 1960. It always starts with POC, that is the level 3 with 1000 total volume. 1960 - 1000 (POC) = 960. Check closest levels: 2 and 4; each of these levels total volume is less than 960. Total volume of level 2 is higher then total volume of level 4. 960 - 600 (level 2) = 360. Check closest levels: 1 and 4; only level 1 total volume (400) is enough to cover 360.</div><div style="background-color: #E5F6FF;">'''Example 2''': Assume there are 5 price levels in volume profile. Total volume of level 1 is 200; total volume of level 2 is 600; total volume of level 3 is 1000; total volume of level 4 is 200; total volume of level 5 is 300. The total volume of the whole volume profile is 2300. Default Value are is 70%; 70% of 2300 = 1610. It always starts with POC, that is the level 3 with 1000 total volume. 1610 - 1000 (POC) = 610. Check closest levels: 2 and 4; each of these levels total volume is less than 610. Total volume of level 2 is higher then total volume of level 4. 610 - 600 (level 2) = 10. Check closest levels: 1 and 4; each of these levels total volume is more than 10. Both levels are identical (200 and 200 total volume), in this case the rest 10 volume goes to the level then is lower, in this example it is the level 4.</div>#** '''Display Text'''. Shows numeric values for each price level. Default color is white, it can be changed to any other color. Default size is 100, it can be decreased. Default style is Total Ticks, it can be changed to Invisible or to POC. #** '''Outline'''. Frames traded volume on specified price levels. Default color is yellow, it can be changed to any other color. Default size can be decreased or increased. Default style is Invisible, it can be changed to All Blocks or POC.#** '''Price Volume Range'''. Shows highest and lowest price levels of traded volume per profile. Default color is yellow, it can be changed to any other color. Default size is 10, it can be decreased or increased. Default style is Extended, it can be changed to Volume Shading or Invisible.
#* '''Total Volume'''. If this profile is selected, it displays '''ask + bid''' volume provided by a data source for every tick. Each line demonstrates total volume traded on a specific price level and colored in blue (by default). The following components are available for this style of volume profile:
#** '''Total Volume'''. Shows total ASK + BID '''volume''' traded on each price level. Default color is blue, it can be changed to any other color. Default size is 100, it can be decreased. Default style is Volume Shading, it can be changed to Solid Blocks, HollowGram, Invisible.
#** '''Down OC'''. Shows price movement within volume profile at its end as red bar if the openning price of the profile is higher than its closing price. Default color is red, it can be changed to any other color. Default size can be decreased or increased. Default style is Invisible, it can be changed to Volume Shading.
#** '''POC'''. Shows the price level with largest amount of traded volume. Default color is pale pink, it can be changed to any other color. Default size is 10, it can be decreased or increased up to 100. Default style is Invisible, it can be changed to Volume Shading, HollowGram or Invisible.
#** '''Value Area'''. It is the area (specified in %) of most traded volume of the profile (100%). See the example above.#** '''Display Text'''. Shows numeric values for each price level. Default color is white, it can be changed to any other color. Default size is 100, it can be decreased. Default style is Total Volume, it can be changed to Invisible or POC. #** '''Outline'''. Frames traded volume on specified price levels. Default color is yellow, it can be changed to any other color. Default size can be decreased or increased. Default style is Invisible, it can be changed to All Blocks or POC.#** '''Price Volume Range'''. Shows highest and lowest price levels of traded volume per profile. Default color is yellow, it can be changed to any other color. Default size is 10, it can be decreased or increased. Default style is Extended, it can be changed to Volume Shading or Invisible.#* '''Buy x Sell Volume'''. If this profile is selected, it displays '''ask x bid''' volume provided by a data source for every tick. Depending on the ask and bid volume amounts each line is colored in green and red (by default) proportionally.<div style="background-color: #E5F6FF;">'''Example''': If the ASK volume is 3000 and BID volume is 2000, the displayed value is 3000 x 2000.</div>954934596
#** '''Buy Volume'''. Shows ASK volume traded on each price level.
#** '''Sell Volume'''. Shows BID volume traded on each price level.
#** '''Down OC'''. Shows price movement within volume profile at its end as red bar if the openning price of the profile is higher than its closing price. Default color is red, it can be changed to any other color. Default size can be decreased or increased. Default style is Invisible, it can be changed to Volume Shading.
#** '''POC'''. Shows the price level with largest amount of traded volume. Default color is pale pink, it can be changed to any other color. Default size is 10, it can be decreased or increased up to 100. Default style is Invisible, it can be changed to Volume Shading, HollowGram or Invisible.
#** '''Value Area'''. It is the area (specified in %) of most traded volume of the profile (100%). See the example above.#** '''Display Text'''. Shows numeric values for each price level. Default color is white, it can be changed to any other color. Default size is 100, it can be decreased. Default style is Total Volume, it can be changed to Invisible, POC, Buy x Sell Volume or Delta. #** '''Outline'''. Frames traded volume on specified price levels. Default color is yellow, it can be changed to any other color. Default size can be decreased or increased. Default style is Invisible, it can be changed to All Blocks or POC.#** '''Price Volume Range'''. Shows highest and lowest price levels of traded volume per profile. Default color is yellow, it can be changed to any other color. Default size is 10, it can be decreased or increased. Default style is Extended, it can be changed to Volume Shading or Invisible.
#* '''Delta'''. If this profile is selected, it displays '''total volume''' value and '''ask - bid''' result as a part of the total volume in each line. If the ASK - BID result value is negative, it is colored in red, if the value is positive it is colored in green (by default).<div style="background-color: #E5F6FF;">'''Example''': If the ASK volume is 3000 and BID volume is 2000, their delta is 1000, so the 4/5 of the line is colored in blue and 1/5 of the line is green, meanwhile the displayed value is 5000 (Total Volume).</div>The following components are available for this style of volume profile:
#** '''Total Volume'''. Shows total ASK + BID '''volume''' traded on each price level. Default color is blue, it can be changed to any other color. Default size is 100, it can be decreased. Default style is Volume Shading, it can be changed to Solid Blocks, HollowGram, Invisible.
#** '''Up OC'''. Shows price movement within volume profile at its end as green bar if the openning price of the profile is lower than its closing price. Default color is dark green, it can be changed to any other color. Default size can be decreased or increased. Default style is Invisible, it can be changed to Volume Shading.
#** '''Down OC'''. Shows price movement within volume profile at its end as red bar if the openning price of the profile is higher than its closing price. Default color is red, it can be changed to any other color. Default size can be decreased or increased. Default style is Invisible, it can be changed to Volume Shading.
#** '''POC'''. Shows the price level with largest amount of traded volume. Default color is pale pink, it can be changed to any other color. Default size is 10, it can be decreased or increased . up to 100. Default style is Invisible, it can be changed to Volume Shading, HollowGram or Invisible.#** '''Value Area'''. It is the area (specified in %) of most traded volume of the profile (100%). See the example above.#** '''Display Text'''. Shows numeric values for each price level. Default color is white, it can be changed to any other color. Default size is 100, it can be decreased. Default style is Total Volume, it can be changed to Invisible, POC, Buy x Sell Volume or Delta. #** '''Outline'''. Frames traded volume on specified price levels. Default color is yellow, it can be changed to any other color. Default size can be decreased or increased. Default style is Invisible, it can be changed to All Blocks or POC.#** '''Price Volume Range'''. Shows highest and lowest price levels of traded volume per profile. Default color is yellow, it can be changed to any other color. Default size is 10, it can be decreased or increased. Default style is Extended, it can be changed to Volume Shading or Invisible.
#* '''Buy vs Sell Volume'''. If this profile is selected, it displays '''total volume''' value in each line and the line is colored in green/red (by default) depending on whether the ask volume is greater or smaller than bid volume.<div style="background-color: #E5F6FF;">'''Example''': If the ASK volume is 3000 and BID volume is 2000, the ASK volume is greater than BID volume, the line is colored in green, however the displayed value is 5000 (Total Volume).</div>The following components are available for this style of volume profile:
#** '''Buy Volume'''. Shows ASK volume traded on each price level.
#** '''Down OC'''. Shows price movement within volume profile at its end as red bar if the openning price of the profile is higher than its closing price. Default color is red, it can be changed to any other color. Default size can be decreased or increased. Default style is Invisible, it can be changed to Volume Shading.
#** '''POC'''. Shows the price level with largest amount of traded volume. Default color is pale pink, it can be changed to any other color. Default size is 10, it can be decreased or increased up to 100. Default style is Invisible, it can be changed to Volume Shading, HollowGram or Invisible.
#** '''Value Area'''. It is the area (specified in %) of most traded volume of the profile (100%). See the example above.#** '''Display Text'''. Shows numeric values for each price level. Default color is white, it can be changed to any other color. Default size is 100, it can be decreased. Default style is Total Volume, it can be changed to Invisible, POC, Buy x Sell Volume or Delta. #** '''Outline'''. Frames traded volume on specified price levels. Default color is yellow, it can be changed to any other color. Default size can be decreased or increased. Default style is Invisible, it can be changed to All Blocks or POC.#** '''Price Volume Range'''. Shows highest and lowest price levels of traded volume per profile. Default color is yellow, it can be changed to any other color. Default size is 10, it can be decreased or increased. Default style is Extended, it can be changed to Volume Shading or Invisible.
# Select '''Breakdown by''':
#* '''Up Ticks vs Down Ticks''' method:
#** If the current tick price is between ASK and BID prices, than the volume is recorded either to BUY or to SELL volume depending on what was the last recorded volume.<br><div style="background-color: #E5F6FF;">'''Example''': If a new tick comes with a price higher or equals current ASK tick price and its volume is recorded as BUY volume, and then another tick comes with a price that is between ASK and BID prices, the volume is recorded also to BUY volume.</div>
#: <div style="background-color: #E3FBE5;">'''Note''': When you plot Volume Delta chart, take into account that it doesn't matter what resolution is selected, additionally MultiCharts will request '''historical tick ask''' and '''bid''' data from your data source for the specified in chart settings data range, if '''Ask Traded vs Bid Traded''' is selected. </div>
# Adjust '''Ticks per Row''' value (set to 1 by default) to change the the amount of minimum price increments (set in [[Setting Properties#Editing a new symbol properties|QuoteManager by Price Scale and Min. Movement]] covered by each line of Volume Profile.
# Select 1 of 3 available '''Time''' parameters for the Volume Profile to be shown:
#* If '''Start ... End ...''' is selected in '''Time''' section, the 100% of '''Width''' is 100% of space allocated for specified time period.
# It is possible to adjust the '''Value Area''' of the Volume Profile. Value Area is the area (specified in %) of most traded volume of the profile (100%).
# Check '''Use As Default''' box to use your custom settings of volume profile as default ones.
# Check '''Display Above Price Bars''' to put volume profile in front and the bars in the background. By default the volume profile is in the background.
# Check '''Always Show Entire Number''' to turn off K and M abbreviations.
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====Displaying Multiple Volume Profiles====
Volume profile is a tool that can be enabled or disabled for a particular data series. 1 data series can have only 1 Volume Profile displayed, however it is possible to see multiple different Volume Profiles for the same instrument on 1 chart:
# [[Volume Profile#Using Volume profile|Create a chart with Volume Profile]],
# Make a '''right-click''' on this chart and select '''Insert Instruments...''',
# Do not change anything in settings of the new data series, except for the following fields:
#* The data should be shown on '''SubChart #1''' in '''Settings''' tab,
#* The chart '''Style''' should be '''Invisible Bars''',
#* '''Volume Profile''' can be set differently to the first one.
# Click '''Ok''' to load second data series with another volume profile.
All the rest settings should be 100% identical to the original data series.
====Volume Profile Switch====
Since MultiCharts 8.7 beta 1 Volume Profile can be plotted on the chart with a single click on the '''Volume Profile Switch''' [[File:VPSwitch.png]]button located in the status line.
[[Category:Charts]]
